November 30, 2011 The Honorable John Boehner The Honorable Harry Reid Speaker of the House Majority Leader United States House of Representatives United States Senate Washington, DC 20515 Washington, DC 20510 The Honorable Nancy Pelosi The Honorable Mitch McConnell Democratic Leader Republican Leader United States House of Representatives United States Senate Washington, DC 20515 Washington, DC 20510 Dear Congressional Leaders, The undersigned companies, small businesses and organizations are writing to ask that you extend the highly effective Section 1603 Treasury Program before it expires on December 31, 2011. Extension of this program will create jobs, spur economic growth and promote private sector development of energy technologies. The Internal Revenue Code provides a host of tax incentives designed to spur the development and use of domestic energy sources and technologies. Project developers commonly monetize these tax incentives by partnering with tax equity investors who have the liquidity and tax liability to utilize the credits. The 2008 economic crisis and the economy’s subsequent downturn drastically reduced the availability of tax equity, severely limiting the financing available for energy projects. The Section 1603 Treasury Program, which was enacted in 2009 and extended in 2010, allows energy developers to receive a federal grant in lieu of taking an existing energy tax incentive they are otherwise entitled to claim. This is simply a change to the timing of when an energy incentive can be claimed. This change in timing, however, provides the liquidity needed for the further development of domestic energy projects. The 1603 Treasury Program has been a resounding success. Since its enactment, the program has leveraged over $22.8 billion in private sector investment to support over 22,000 projects utilizing a wide range of energy technologies in all 50 states. This has resulted in thousands of new American jobs. The 1603 Treasury Program is an efficient finance mechanism that allows taxpayers and small businesses to maximize the return and value of existing energy tax incentives, and is technology neutral so it encourages the development of a wide variety of domestic energy technologies. Lastly, there remains a need for the 1603 Treasury Program. The tax equity market modestly improved in 2010, but still has not recovered to pre-recession activity. A July 2011 survey of the major tax equity investors by the U.S. Partnership for Renewable Energy Finance estimates expiration of the program would shrink the total financing available for energy projects by 52 percent in 2012. This would stifle job creation and severely restrict the market’s ability to leverage private sector capital to finance new domestic energy projects. Thank you in advance for your consideration. We look forward to working constructively with you to meet the nation’s economic and energy policy goals. Sincerely, 763 signatories as of November 29, 2011 Associations & Trade Groups American Biogas Council Hawaii Solar Energy Association North Dakota Alliance for Renewable Energy American Council of Engineering Independent Energy Producers Companies Association Ocean Renewable Energy Coalition American Council on Renewable Energy Iowa Wind Energy Association Offshore Wind Development Coalition (ACORE) Large-scale Solar Association Ohio Business Council for a Clean American Iron & Steel Institute Economy Los Angeles Business Council Arizona Solar Energy Industries Oregon Solar Energy Industries Missouri Solar Energy Industries Association Association Association Semiconductor Equipment and Materials Biomass Power Association Montana Renewable Energy Association International (SEMI) California Biomass Energy Alliance National Association of State Energy Solar Energy Industries Association Officials Clean Coalition Solid Waste Association of North America National Development Council Colorado Independent Energy Association Texas Renewable Energy Industries National Electrical Contractors Association (TREIA) Distributed Wind Energy Association Association U.S. Clean Heat & Power Association Energy Future Coalition National Hydropower Association Fuel Cell and Hydrogen Energy National Roofing Contractors Association Association Individual Companies 411GREENWAVE CORP. 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Delta Energy Group CEM Design Community Solar Power LLC Diane Henkels, Attorney at Law Cenergy Power Compass Solar Energy Direct Power and Water Corporation Center for Environmental Innovation in Concurrent Design, Inc. Discount Solar Sales & Service Roofing Cone Drive Operations, Inc. Distributed Energy Partners Centrosolar America Connexion ES Dogwood Solar Certified Solar Solutions, LLC Consolidated Products Group, Inc. Dovetail Solar and WInd CFV Solar Test Laboratory, Inc. Contemporary Design Co. Dow Corning Corporation Chesterfield Associates Control Laboratory, Inc. DPW Solar Chicago Solar Architects Convergence Energy, LLC Duke Energy Choice Solar & Geothermal, Inc. Cool Earth Solar DuPont CIC Energy Construction & Supply LLC Corona Solar Group, LLC Dynamic Solar Cinco Solar, Inc. 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